GSTechnologies (LON:GST) Shares Down 23.4% – Here’s Why

GSTechnologies Ltd. (LON:GST) shares dropped 23.4% on Tuesday . The company traded as low as GBX 1.87 ($0.02) and last traded at GBX 2.10 ($0.03). Approximately 63,346,535 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 57,507,391 shares. The stock had previously closed at GBX 2.74 ($0.03).

GSTechnologies Stock Up 11.7 %

The company has a debt-to-equity ratio of 3.39, a quick ratio of 4.31 and a current ratio of 3.18. The stock’s 50 day moving average price is GBX 1.80 and its 200-day moving average price is GBX 1.09. The company has a market cap of £43.34 million, a PE ratio of -3.35 and a beta of 0.70.

Insiders Place Their Bets

In related news, insider Lord James Christopher Douglas Wellesley purchased 335,000 shares of GSTechnologies stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £3,350 ($4,100.37). 20.29% of the stock is currently owned by insiders.

GSTechnologies Company Profile

GSTechnologies is a global technology company listed on the Main Market of the London Stock Exchange under the ticker, GST. The group operates three core businesses across blockchain payments and financial services, forex, as well as cryptoasset exchange. The group has operations in the UK, Lithuania, Singapore, and Australia.